Called the “biggest individual and business tax cut in American history,” this week’s long-anticipated U.S. tax reform announcement had four stated goals: growing the U.S. economy and creating “millions of jobs,” simplifying the “burdensome” U.S. tax code, providing tax relief to middle-income American families and, perhaps most significantly, lowering the U.S. business tax rate from one of the highest in the world to one of the lowest.
Let’s take a look at how the new, proposed U.S. tax changes compare to our Canadian tax system for individuals.
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